ADVERTISEMENT
TechEconomy
Monday, May 12, 2025
No Result
View All Result
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » NERC Issues Power Generating Licence to Ekiti, 12 Others

NERC Issues Power Generating Licence to Ekiti, 12 Others

Reporter: TOBI ADETUNJI

Techeconomy by Techeconomy
January 16, 2024
in News
1
NERC issues license to 12 companies
NERC and prepaid meter

NERC and prepaid meter

RelatedPosts

Glo and JAMB

Glo: Our Product Can Help Students Excel in JAMB, other Exams

May 12, 2025

From Coal to Code: Leo Stan Ekeh Rallies Young Innovators at Enugu Tech Festival

May 12, 2025

The Federal Government through the Nigerian Electricity Regulatory Commission (NERC) has issued fresh power generation licence to Ekiti independent power project and 12 others.

The 13 new licences are for the generation of off-grid and embedded power, independent electricity distribution, as well as for the trading of electricity.

It said the new licences were issued in the third quarter of 2023, as the cumulative quantum of electricity to be generated by the licensees was 40.9 megawatts.

Under the section titled, ‘Licences and Permits Issued or Renewed,’ in the latest third quarter 2023 report of NERC, it was revealed that five new off-grid generation licences that would generate 8.81MW were issued during the review period, as well as one new licence for embedded generation of 5MW.

The commission said, “One new licence for Independent Electricity Distribution Network, one new licence for trading, three off-grid generation licences, one embedded generation, and one IEDN licence.”

It explained that the commission issues licences for electricity generation, transmission, distribution, trading and system operations in the Nigeria Electricity Supply Industry.

“For activities that do not require licenses based on the provisions of sections 65-68 of the Electricity Act 2023, but still require authorisation from the commission, such as off-grid captive power generation and mini-grid development, the commission issues permit to the operators following a review of the relevant applications,” the NERC stated.

Recalled that Nigeria generates between 3,500MW and 5,000MW of electricity for the over 200 million people across the country, a development that has been described as poor for Africa’s biggest economy.

On Monday, for instance, the country’s power generation at 6am was 4,357.09MW. Peak power generation the preceding day was 4,579.5MW, while off-peak power generation on the same day was 4,062.98MW. Many parts of Nigeria, particularly rural communities experience blackouts due to the country’s meagre power generation.

For instance, in June 2023, Nigeria was designated the country with the largest number of people lacking access to electricity, as 86 million of its over 200 million population were living without electricity as of 2021, according to a joint report by some international agencies.

The report compiled by the International Energy Agency, International Renewable Energy Agency, United Nations and the World Health Organisation, stated that the countries with the largest number of people without access to electricity as of 2021 include Nigeria (86 million), Democratic Republic of the Congo (76 million), and Ethiopia (55 million).

United BANK

However, the Federal Government and operators in the power supply space have been making efforts to increase the country’s electricity output over the years, which led to the privatization of the successor generation and distribution companies in November 2013.

The issuance of licences for the generation of electricity by the government through NERC is another way of boosting the country’s power supply and reducing the number of persons who lack electricity.

The NERC in its report stated that Daybreak Power Solutions Limited received eight licences for various off-grid power generation projects in Lagos, Abia, Borno, Kano, Oyo and Abuja.

Ekiti Independent Power Project got a licence for the development of a gas-fired 5MW embedded power project to be constructed in Ekiti State.

Olokiti Power Distribution Limited received an Independent Electricity Distribution Network licence that would be operational in Ekiti State. Ember Power Limited got an electricity trading licence, while Island Power Limited got a licence for the development of a 10MW embedded gas-fired power project in Lagos.

Furthermore, the Energy Company of Nigeria Limited was issued an Independent Electricity Distribution Network licence that would be operational in Lagos State.

Power consumer groups have repeatedly condemned the poor electricity supply in Nigeria despite the trillions of naira invested in the sector.

They have also charged the government and operators to work harder to deliver adequate electricity to Nigerians.

Loading

United BANK

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares

Tags: NERC
Previous Post

AI will Affect 40% of Jobs in Emerging Markets – IMF

Next Post

Chams, PZ, others Drive Equity Market as NGX ASI Hits 84,640.89 Points

Techeconomy

Techeconomy

Related Posts

Glo and JAMB
News

Glo: Our Product Can Help Students Excel in JAMB, other Exams

by Destiny Eseaga
May 12, 2025
0

Technology Company, Globacom, has stated that its recently unveiled Examination Preparatory Service was designed to empower students to excel in...

Read more
Leo Stan Ekeh speaking at the Enugu Tech Festival

From Coal to Code: Leo Stan Ekeh Rallies Young Innovators at Enugu Tech Festival

May 12, 2025
Glo Foundation

Glo Foundation holds “Rest and Relaxation Day” for Sanitation Workers

May 11, 2025
Dr. Bayero Agabi - CECAD speaks on cyber sanity in Nigeria

Agabi Advocates for Cyber Sanity and Responsible Cyberspace in Nigeria

May 10, 2025
Gov Mbah Commissions NITDA South East Regional Office in Enugu

Gov Mbah Commissions NITDA South East Regional Office in Enugu

May 8, 2025
SPPG Class of 2025

SPPG Students Help Youths Develop Digital Skills, Financial Literacy

May 8, 2025
Next Post
NGX, equities market

Chams, PZ, others Drive Equity Market as NGX ASI Hits 84,640.89 Points

Comments 1

  1. Pingback: The Struggles of Nigerians without Prepaid Meters - Tech | Business | Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

CYBERSECURITY ESSENTIALS
byTecheconomy

BUILDING STRONGER NETWORKS AND COMMUNITIES

CYBERSECURITY ESSENTIALS
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Filmmaking and Technology: A chat with Micheal Chineme Ike
June 7, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz
uba

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.